Large Outflow of Money Witnessed in New York Community Bancorp

New York Community Bancorp (NYCB) : Money flow in the New York Community Bancorp (NYCB) stock was negative (2.43 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.42 million, compared to $3.85 million on downticks. The total uptick to downtick ratio was 0.37, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.29 million), indicating selling on the strength. The transaction value during uptick in block trades was $0.52 million. Downtick transaction value in block trades amounted to $2.81 million, indicating persistent selling. The uptick to downtick ratio was 0.19. New York Community Bancorp (NYCB) traded $0.01 higher at $15.02 gaining 0.07% over the previous days close.


New York Community Bancorp Inc. has dropped 3.66% during the last 3-month period . Year-to-Date the stock performance stands at -6.1%. Shares of New York Community Bancorp Inc. rose by 0.88% in the last five trading days and 1.22% for the last 4 weeks. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of New York Community Bancorp Inc, Ciampa Dominick, had purchased 10,000 shares in a transaction dated on May 4, 2016. The transaction was executed at $14.48 per share with total amount equaling $144,800.

New York Community Bancorp (NYSE:NYCB): On Mondays trading session , Opening price of the stock was $15 with an intraday high of $15.03. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.93. However, the stock managed to close at $14.98, a loss of 0.20% for the day. On the previous day, the stock had closed at $15.01. The total traded volume of the day was 2,727,944 shares.

New York Community Bancorp, Inc. is a multi-bank holding company and has two primary subsidiaries: New York Community Bank (Community Bank) and New York Commercial Bank (Commercial Bank). The Community Bank is a New York State-chartered savings bank with 242 branches that operates through seven local divisions. The Community Bank is a producer of multi-family loans in New York City. In addition to multi-family loans, it originates commercial real estate loans (primarily in New York City, as well as Long Island and New Jersey) and, to a much lesser extent, acquisition, development, and construction (ADC) loans, and commercial and industrial (C&I) loans. The Commercial Bank is a New York State-chartered commercial bank with 30 branches in Manhattan, Queens, Brooklyn, Westchester County, and Long Island, including 18 that operate under the name Atlantic Bank. The Commercial Bank offers 24-hour banking online and by phone.

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